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20121027
20121104
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Search Results 0 to 49 of about 83 (some duplicates have been removed)
what was happening. all of us in the auto industry were looking at gm and chrysler. we sought to companies on the verge offailure that were going to take down the entire supplier industry. we also saw an industry that had to be restructured. bill ford is my hero. he fired in self. they put forward in a good place, so they did not have to be rescued. they laid out a map for what had to be done, and everybody had to sacrifice. neil: and the end justifies it because things are back. and is starting with president bush. i'm not criticizing, but it did not lead to a slippery slope. >> once again, the difference between this was, this was not a bailout. a bailout is when you give money to the existing guys. restructuring. the key thing that obama did -- neil: the, the bankruptcy and restructuring. >> but the restructuring was driven by the president's team. a bankruptcy court would never have done that by itself, and it is the reason i don't like the mitt romney passive approach, just turn over to the courts. it would not have moved fast enough. it would not have taken the action t
obama of helping chrysler and gm move jobs to china. chrysler says it is a big lie. gm says it is a big lie. the "detroit free press" says it is a big lie. does mitt romney even care about the truth at all? obviously not. we'll get into that and a whole lot more here on the "full court press." but here she is lisa ferguson out in los angeles. >> good morning everyone. mitt romney is headed to florida today to host events with senator marco rubio and jeb bush. he starts off the date in tampa and then heads to coral gables and jacksonville. paul ryan will be campaigning in wisconsin. some are calling the pair's reemergence on the campaign trial after supposedly taking time out out of respect for the hurricane victims. romney's official reason for the event yesterday was to collect donations for storm victims, but it sure looked a lot like a campaign, a big american flag on the wall campaign music, crowds and the press were invited. voters had to wait to drop off their donations until romney arrived to collect them himself. john mccain even went as far as to blas
for gm. we used to say as gm goes, so goes janesville. we lost our plant. a lot of my friends from high school thought they could make a living for their families, they lost that. that livelihood is gone. i have a buddy that went from $25 an hour down to $9 an hour without benefits. we have got to help these people who are stuck in between, who are in the middle of their earning years when they are supposed to be building for their family, saving for their family, putting themselves on the path of pursuing their version of happiness, making the american dream realized for themselves and their kids. we have 46 job-training programs coming out of washington, spread across seven agencies. it is nothing but bureaucracy. the bureaucrats of the way, give people the ability to take this and get people the skills they need so they can get the jobs they want in the 21st century and have themselves back on the path to prosperity. [applause] it is so essential. open up energy, get people the skills they need, and it just like a case of common sense, we have to stop spending money we do not have. w
staff about that. i will say this. for workers in the auto industry, across the board, whether it is gm, whether it's nissan, whether it's american motors, individuals are very concerned about the impact of regulation that the epa and osha and other federal agencies are heaping on our manufacturers. i hear this every day from my constituents who are incredibly concerned about this. i do have gm and nissan and toyota with bodine motors. everybody talks about this. it is the out-of-control regulation, the difficulty we have with trade issues right now. that's why mitt romney has laid out a plan to create 12 million american jobs making america more business-friendly and reducing this regulation. >> and yet, the numbers, the at least from chrysler, they felt so compelled about what mitt romney was saying on the campaign trail that they issued a statement to say, not only are they not moving jobs to china, in fact, the company has nuns announced plans to hire an additional 12,000 workers in detroit. that will contradict what you say are concerns about auto workers? >> i don't see it as a co
federal relief, mitt romney is now claiming that he -- not president obama saved g.m. and chrysler. can you believe it? mitt romney ought to burn in hell for that lie. he keeps telling it. we'll tell you why that's wrong and a whole lot more here plus bring you all of the latest on the impact of hurricane sandy. right here on the "full court press." but first, we take a little time out as always to get the latest, today's current news update from lisa ferguson standing by in los angeles. good morning lisa. >> hey bill. good morning everyone. hurricane sandy not only is taking an impact on the east coast but it is also putting a twist in the political schedule today. we are just one week out from the election. neither candidate is campaigning as planned. president obama is staying in d.c. to monitor the storm and help prep for any disaster relief. mitt romney is also putting a stop to his events saying it is out of sensitivity for the millions of people in sandy's path. romney did have events scheduled today in o
that the obama administration's overseeing the outsourcing of autoworkers jobs. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who will build jeeps in china. >> not so bad says the ceo of chrysler issuing a statement reaching jeep production whether not be moved from the united states to china, it is inaccurate to suggest anything different. today president obama tours the storm devastation in atlantic city and vice president biden makes two campaign stops in florida. mr. romney will also be in florida as he makes three stops. paul ryan will spend the day campaigning in his home state of wisconsin. let's get back to sandy, because two of the three major airports serving the new york area, kennedy and newark, they'll start to reopen with limited service later this morning, but the super storm created a worldwide ripple effect. many are still stranded overseas. so we want to check in with michelle kosinski from london. good morning. >> reporter: right, it does have that sort of snowballing effect that we see with any major travel destruction around the world, but of
when gm was getting bailed out delphi was going through bankruptcy and there were lots of employees salaried and union who were asking nervous questions about their pensions. >> how is our healthcare looking after retirement? how is our pension looking? everything is good. pension plan is well funded. >> we were told that everything was secure in your pension, and you plan on that for the rest of your life. >> until like its dayton area plants delphi shut down the employee pension plans handing them off to the federal government. >> when my pension went from 2,500 $50 a month guaranteed to the federal government saying you'll get $385 a month. >> and you spend years and years making your financial plan for retirement and going through all the numbers and wanting to live like you wanted to live and with your children and grandchildren, and then it gets taken away from you in a heartbeat. i feel absolutely betrayed. >> enter delphi's biggest auto parts customer gm and the obama administration's eagerness for a quick restructuring of the automaker, gm wanting labor peace agreed to rest
.com. >> the dow is up 140 and gm i think is just moving down. what's going on with gm, please nicole? >> we continue to get the numbers on auto sales and general motors coming out with auto sales for the u.s., rose 4.7% and they also raised their year end inventory. target, reducing stocks to the down side, and gm reported a 13% drop in the third quarter profit and they've seen losses in europe and that obviously has been a continued theme. stuart: all right, nicole, thank you. >> thanks. stuart: oh, i was waiting for some animation to appear, it didn't appear so i'll launch right into my take, here we go. look, when the storm hit, i was in mississippi. the state has a terrific economic education program and i was fully engaged with some of the teachers and students so i watched sandy from a distance. i came home to new jersey yesterday, here is my take on that. i flew from jackson, mississippi to atlanta georgia, and from there to washington d.c. and that's as far as i could get my plane or train. to get to the new york area, i had to drive, and that tells you something. three days after t
took gm into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney and i approved this message. >> the ad is aggressively misleading so much so that it caused panic calls from the ohio workers at chrysler jeep plants who feared their jobs are being outsourced and frommed gm and chrysler to set the record straight. the ceo of chrysler wrote an op-ed saying i feel obliged to restate our position. jeep production will not be moved from the united states to chi that. jeep assembly lines will remain in operation in the united states and will create the backbone of the brand. there was this response later in the day from gm spokesman in "the detroit free press" we've clearly entered some parallel universe during the last few days not of campaign politics at its cynical worst will diminish our jobs of jobs in the u.s. and the obama campaign worked up their own response ad and the president rebutted mitt prromne directly. >> you've got folks who work at the jeep plant who have been calling their em
. >> reporter: and ryan fought back hard. >> president obama took gm and chrysler into bankruptcy. taxpayers still stand to lose billion billions of dollars from the president's managed bankruptcy. >> reporter: romney has been on the defensive for months on his position on auto bailout, now taking it right to the president. their skirmishes back and forth about this issue on the auto industry show how important it is, especially in ohio, which could hold the key to the white house. there are 800,000 people in jobs related to the auto industry in that state. charlie and norah, they could be decisive. >> jan crawford, thank you so much. national journal white house correspondent major garret is here. let's talk about what jan was just reporting on. why has the fight on the auto bailout gotten so nasty here in the end? >> the obama campaign -- from the romney/ryan ticket that the bailout is sending jobs to china. production may eventually be in china on jeeps. as chrysler and gm have pointed out, jeep, which is a chrysler brand, and gm, also producing autos in northern ohio, aren't shrinking th
. the car companies themselves has told governor romney to knock it off. g.m. says, we think creating jobs in the united states should be a source of bipartisan pride. and i couldn't agree more. and i understand that governor romney's had a tough time here in ohio because he was against saving the auto industry and it's hard to run away from that position when you're on videotape saying the words let detroit go bankrupt. and i know, you know, we're close to an election. but this isn't a game. these are people's jobs. these are people's lives. these car companies are putting a lot of effort to make great products but also to, you know, make sure that everybody in america knows how committed they are to making cars here in america. and so -- so you don't scare hard-working americans just to scare up some votes. that's not what being president's all about. that's not leadership. when i first made the decision to rescue the auto industry, i knew it wasn't popular. and despite the fact that one out of eight jobs in ohio are connected to the auto industry in some way, it wasn't even popular in o
jobs, and not just at gm, chrysler and their dealerships, but in auto parts manufacturing all over the country. >> reporter: today the lords town plant churns out the chevrolet cruz, the country's best selling compaq car, to meet demands it's gone from one shift a day to three, and round-the-clock production. dave green is president of the local united auto workers union. >> but the whole economy will benefit from this because our parts suppliers, the people who work there are out shopping at the stores, they are paying tacks, you know, they're investing in their community. >> reporter: the auto industry employs one out of every eight workers in the state. youngstown is the largest city in the region and reaped many of the benefits. it's not just auto breathing new life into northeast ohio. in youngstown, the once declining steel industry has come back. and the evidence is french-owned bn m-star which makes field tube force natural gas drilling. the company chose youngstown for its $1 billion expansion. you might not think of ohio as an energy powerhouse, but it is on the verge of
a listen to this. >> under president obama gm cut 15,000 american jobs, but they're planning to double the number of cars built in china, which means 15,000 more jobs for china. now comes word that chrysler plants will start making jeeps in, you guessed it, china. >> dana, i'm completely confused here. romney is now saying the bailout cost gm jobs, but he's also said obama did exactly what romney had prescribed. help me. >> well, let me see if i can here. what happened is romney put together this -- first of all, he started at a campaign rally misquoting what chrysler was, in fact, doing. they're not moving jobs to china. they're increasing some work in china to get around the tariffs over there. they've added 7,000 jobs in north america. the fact checkers went after him for that, so he put out an ad essentially saying the same thing on television. the fact checkers went after him for that and he put out a new ad on the radio making a worse and more false allegation. some time ago the pollsters said we're not going to let the fact checkers dictate our campaign and nobody can argue with
,000 jobs that were created last month according to the adp report. gm reports an increase in sales, and housing construction numbers are up. all this is good and unemployment numbers are coming out tomorrow which probably show we've had 33 consecutive months of job growth and more than 5.2 million jobs. that's all good news the president can point to in saying we're moving forward, not backwards. >> amy, the political buzz story of the day. on a lot of front pages of blogs and newspapers, you've got this picture of the president and chris christie, both of them praising each other yesterday. let me play a little of the back-and-forth. >> there will be some folks who will criticize me for complimenting him. but you know what? i speak the truth. that's what i always do. sometimes you guys like it. sometimes you don't. sometimes politicians like it. sometimes they don't. but i say what i feel and what i believe. and i'm just doing the same thing with the president of the united states. so i did pinch myself every day. you know, like when i got on marine one, i'm pinching myself, belie
of the -- the ceos of chrysler and gm had to come out and say you're lie being us and you're going to hurt our sales with your lies. he's not really keeping up with business there, but i have to tell you also, earlier this week he got subsumed by the sandy coverage as it should have, but i put out a story with another videotape in which mitt romney talking to a fund-raiser earlier this year says, you know, there's a better business environment in china than the united states. well, why is that? it's because they have no worker protections, no environmental -- >> they have no human rights, david. >> and low wages. so is he saying he wants to bring us back to that point? like to the days of cal coolidge as joy suggests? >> david, yes. >> there's a lot going on that doesn't compute and when it does compute it's rather scary. >> there's something called the moonlight magnolia theory of economics. the south practices it right now. when you strip away unions and you can lower wages, businesses are more profitable. that's why wall street -- you see the stock market tick up when companies lay people off bec
are told governor romney to knock it off. gm said, we have been creating jobs in the united states should be a sort of bipartisan pride and i couldn't agree more. and i understand that governor romney has had a tough time here in ohio because he was against saving the auto industry and it's hard to run away from that position when you're on videotape saying the words, let detroit go bankrupt. and i know we're close to an election, but this isn't a game. these are people's jobs. these are people's lives. these car companies are putting a lot of effort to make great products, but also to make sure that everybody in america knows how committed they are to making cars here in america. so you don't scare hard work and americans just to scare up some votes. that's not what being president is all about. that's not leadership. when i first made the decision to rescue the auto industry, i knew it wasn't popular. and despite the fact that one out of eight jobs in ohio are connected to the auto industry in some way, it wasn't even popular here in ohio. but i knew it was the right thing to do. i knew
bailout, the auto industry. how many times we heard on the campaign trail from obama and others saying gm is roaring back. and i thought, wow, it all goes back to ohio and that auto bailout which was unpopular at the time, and now here we are. >> right. so one of the big questions is will mitt romney kind of blur the lines on the auto bailout sufficiently to gain a little ground in ohio? because that is a huge issue in that state. and arguably, we could be saying wednesday that that issue won the state for president obama and that it won reelection for president obama. >> do you think we're talking too much about ohio? listen, you've got the romney campaign saying they're looking at pennsylvania, minnesota, that they perhaps have some traction there. and we know the new numbers in florida. we'll talk with marc about that throe show at least a difference in polls from the nbc marist poll and local polls show romney is up more than we're indicating. >> first of all, i think both sides genuinely think they're going to win or certainly think they have a great chance of winning. that said, pen
of dollars. -- of jobs. the federal government stands to lose $25 billion on in the investment with gm. is that too steep a price tag? >> i do not entirely agree with the presumption that the federal government stands to lose. i think that right now, the stock price suggests that there could be some long-term issues. but, i told you the story of the workers. i can talk to people at the line at the ford plant. i can talk to the people outside of dayton that supply gm and other companies. i can tell you literally hundreds of stories of people whose homes were saved, whose families are getting an education, who are getting along okay today because of that rescue. that is why people came together. that is why senator voinovich, republicans and democrats alike, it was not perfect, but look at where we are. we had 10.6% unemployment rate in 2010, now is 7%. it is going down. 20% of the gdp since the auto rescue. that has come from automobiles, 20%. a sharonville plant is hiring people for the first time in 12 years. honda has invested 100 million new dollars in their plants. chrysler and gm
at the gm plant calling their employers worried and asking if it is true that their jobs are being shipped to china. the reason they are making these calls because governor romney has been running an ad says so except it is not true. everybody knows it is not true. the car companies themselves have told governor romney to knock it off. gm says creating jobs here should be a source of bipartisan pride. governor romney has been running an ad that says so. except that it's not true. everybody knows it's not true. it the companies themselves have told them they are cutting jobs. saying "lead detroit go bankrupt." this is not a game. these are people's jobs. these are people's lives. these car companies are putting a lot of effort into making great products but also making sure that everyone in america knows how committed they are to making cars here in america. you do not scare hard-working americans just to scare up some votes. that's not what being president is all about. that's not leadership. when i first made the decision to rescue the automobile industry, i knew it was not popular. one o
% return and they held gm hostage for the extorted gm for the parts. that would be on the 2009 tax return. >> stephanie: right. >> caller: and the reasoning that bob king investigated in this is because of the ads that mitt romney is running. he said they are hurting the brand image of these companies, and usually auto makers and whatever, they refrain from anything political. >> stephanie: that's right. >> caller: but because of this going on they threw their hat in the ring so all he is doing is h himself. >> stephanie: yeah and this charityi'm not sure which is bigger liz.ha you heard t >> caller: >> stephanie: this loophole thatusing. remember he hat he gave to charity -- anyway. i'll find the details. i'm just talking in circles now -- >> you are drunk. >> and 09 was also the year that there was amnesty for people with swiss bank accounts. >> stephanie: and george bush is speaking in the kaymen islands this weekend. where bill clinton can be on the campaign trial for president obama -- [♪ "world news tonight" theme ♪] >> stephanie: the president said
that mitt romney is running in ohio right now, where he even had to have the ceo of gm and the ceo of chrysler come out to say that they're lies and that he needs to cut it out. i think in ohio, such an important state for mitt romney where the president is leading right now, the obama campaign is doing exactly what they need to be doing. >> at a time like this, the visuals are just as important as the rhetoric. thank you both, maria, ana, nice to see you. >>> it is the other big story, superstorm sandy. it left behind widespread disruption and is blamed for dozens of deaths. the surprising way some of the victims died and how it may have been prevented. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> the heartache is growing for families across the northeast, as sandy claims more lives. according to the latest number, the storm is now blamed for 106 deat
of the weather. the debates about the economy. the campaign having a tussle right now over chrysler and gm. when biden and clinton koim to youngstown they slammed mitt romney for ads calling this claim that they were moving plants and jobs overseas on production within of the most cynical political moves he has seen and raw here in the final weeks. every voting counting, the economy issue number one here in ohio. >> not often you hear like a big business speak out about a republican ad but i guess that makes gm look bad, too, right? >> no. yeah. but very unusual. they tried to stay out of it and very unusual for spokesman to unload that kind of harsh language against the romney campaign in this particular ad. >> john avalon from youngstown, ohio. today's talk back question. will sandy change the election? facebook.com/carolcnn. [ female announcer ] ready for a taste of what's hot? check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. that bringing yo
took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> to quote bill clinton, that takes brass. but that ad got four pinocchios from washington post, got pats on fire from politico. so obviously he stopped, right? wrong. he's now buying ohio ads in the ohio city home of the jeep plant. >> now come words that chrysler plans to start making jeeps in, you guessed it, china. what happened to the promises made to autoworkers in toledo and throughout ohio? the same hard working men and went who were told obama's auto bailout would help them? >> today chrysler's ceo sent a letter to employees saying, i feel obliged to unambiguously restate our position. jeep productions will not be moved from the united states to chi china. it is inaccurate to suggest anything different. inaccurate is a kind way of putting it. when corrected time and time again, governor romney has walked away from the truth. he hasn't fibbed, he hasn't mud idea the facts. he lied. and it's a lie he is selling to the people of ohio. it's desperate behavior from a de
key ohios from "the washington post." he's been slammed by the ceo's of chrysler and gm and called out by the conservative of the detroit news and by the columbus dispatch. today the denver post editorial board hit the romney campaign for outsourcing the truth, saying it smells like desperation and it's shameful. today, vice president biden ripped into the romney lot. >> in the last hours of this campaign, they have become truly desperate. >> chrysler said, quote, it was a leap that would being even difficult for a professional circus acrobat. that's the quote. by the way, i don't think they are acrobats. i think these guys are contorsoinists. >> governor romney is down by five points in ohio, according to the latest polls. for mr. romney, desperate times call for desperate measures and it doesn't matter how much the truth suffers. joining me now is pulitzer prize connie schultz. she writes today, why romly will lose ohio. hint, hint. and dana milbank, columnist for "the washington post." he's writing that romney goes off road with the truth. thanks for being here tonight. connie, let
't know the number one investment of the vulture was the that division of gm? and by the way the romney campaign has confirmed that he made the money and it looks like it may be at the top of the range $115 million. >> so let me ask you this. if he'd released his tax returns, would we have needed investigative reporting? >> yeah, you would. because he's hiding it very well. he's taken the money, he earned the 15 to $115 million and moved it, the in-koorcorporation of d moved it from troy, michigan to the isle of jersey. a notorious tax haven. >> the isle of jersey is not new jersey. >> leave the boss out of it. exactly. so yeah, they moved all the jobs. and this is the other side of the story which people have not noticed. the vulture and his silent partner, romney, took over the auto parts division of general motors. they moved the 25 plants that they had control of, they moved 24 of those plants to china and asia. every plant. they didn't save those plants. it wasn't like this was gm. he actually got rid of the employees, moved the jobs to china and moved his money to iraq off the coa
where the auto bailout failed to keep open the gm plant in janesville. and scott walker's union reforms succeeded and then paul ryan the native son who could help out a lot. >> i also think there is a snub value. i remember when there was a recall vote and the mayor of milwaukee the democrat wanted president obama to come and he flew from washington to mississippi for a fundraiser over -- from washington to minneapolis and flew from minneapolis to wisconsin again over the state of wisconsin and failed to stop to help. >> a clear snub. and republican ares are really organized in wisconsin. they had the big recall election. they have gotten together for a major partisan fight not all the way back in 2010 but just a few months ago. >> if they he come close and don't wen a lot of people will be wondering why the romney campaign didn't go in earlier. the only time he was there until this monday was to welcome paul ryan to his home state. it was a carey and gore state but -- it was a kerry and gore state. there was a lot of evidence to suggest you can put this in play at the national level. t
Search Results 0 to 49 of about 83 (some duplicates have been removed)